The inflow into cryptocurrency investment products from June 29 to July 5 amounted to $441 million after an outflow of $30 million a week earlier. Such calculations led to CoinShares.
Analysts noted the return of purchasing activity. Its trigger was price weakness amid concerns about coin sales by the German authorities and the beginning of the distribution of bitcoins among Mt_Gox clients.
ETP trading volume increased from $6.2 billion to a relatively low $7.9 billion, partly due to lower activity during the summer months.
Investors added $398 million to Bitcoin-related instruments, compared to $10 million in the previous reporting period.
Clients contributed $0.5 million to structures that allow them to open shorts on digital gold (previously withdrew $4.2 million).
Analysts noted that 10% of all receipts came from a wide range of altcoins, which is an atypical situation.
In particular, investors invested $16 million in products based on Solana. The figure since the beginning of the year reached $57 million - the best result among competitors.
In Ethereum funds, the inflow amounted to $10 million after an outflow of $61 million a week ago. The dynamics since January 1 have remained negative (-$15 million).
Let us recall that in early June, Bloomberg analyst Eric Balchunas allowed the launch of spot Ethereum-ETFs on July 2. Reuters gave a similar forecast: according to the agency, approval of the products by the Commission was expected on July 4.#BinanceTurns7 #BinanceTournament"
